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Homeowner location, unit layout preferences to change following COVID-19: Colliers
Incorporating open spaces in post-pandemic world adds to aesthetic appeal and will be capitalised into increased house prices, occupancy
Egypt’s hotel market records 50% y-o-y decline in H1 2020: Colliers
Branded hotel keys is projected to increase to 83,100 in FY 2020
Tertiary care facilities to boost traveller confidence, stimulate tourism: Colliers
Such facilities would also serve permanent catchment population to improve profitability
Saudi Arabia’s warehousing sector expected to embrace structural revisions: Colliers
Survey contributors are leading players across the major cities in Saudi Arabia including Madinah, Riyadh, Jeddah, King Abdullah Economic City, and Mecca.
Colliers anticipates fastest recovery for Emirati, Saudi hotel sectors in MENA
Cairo, Sharm El-Sheikh hotels to record occupancy rate increases of 46% and 41%, respectively, says Colliers International
MENA hotels expect recovery from Q4 of 2020: Colliers
Colliers’ MENA Hotels Quarterly Review report, released in 7 May, indicated that 79% of hotel owners have decided to partially or fully close their hotels due to low occupancy rates.
Colliers appoints new CEO to MENA region affiliate offices
The appointment is effective from 3 May, following Davis’ retirement after more than 20 years of service at the real estate services and investment management company.
MENA hotel sector likely to recover in 4Q 2020: Colliers
This came as governments continue to introduce measures to slow the spread of the virus, with hotel owners also taking precautions as travel comes to a halt.
79% of MENA hotels to partially or fully close after low occupancy rates: Colliers
Of the respondents, Colliers International identified 65% as owning existing hotels.
COVID-19 causes high demand for short-term workspace, forces firms to delay relocation plans: Colliers
Due to the ever-growing risk of contracting the virus, Regus said it had witnessed companies splitting teams amongst multiple centres to avoid daily interaction.
Branded residence opportunities are plentiful in Egypt: Colliers
Egypt currently has a small number of Branded residence schemes with further developments in the pipeline according to Colliers
Saudi Arabia to truly cement itself as international hospitality destination: Colliers
Saudi hospitality market is progressing, experiencing demographic shift
Egyptian markets RevPAR to grow by 20% in 2019: Colliers
UAE markets to achieve stable performance levels in 2020, says MENA Hotel Forecast
Sharm El-Sheikh, Hurghada, Alexandria record highest YoY RevPAR increase in 2020: Colliers
UAE markets to achieve stable performance levels, Saudi to benefit from tourist visa changes in 2020
Egypt’s coastal markets continue to improve: Colliers
Supply in major Egyptian markets has grown at annual average of 3%, says Colliers
Sharm El-Sheikh, Hurghada to witness 35%, 24% RevPAR growth, respectively in 2019: Colliers
Cairo, Alexandria to achieve occupancy rates of 80%, 83%, respectively this year
Sharm El-Sheikh, Hurghada, Alexandria to witness RevPAR growth of 37%, 27%, 27% respectively in 2019: Colliers
It also forecasted that the four cities will achieve occupancy rates of 84% in Alexandria, 79% in Cairo, 68% in Hurghada, and 63% in Sharm El-Sheikh in 2019.
2019 likely to be a landmark year for tourism in Egypt: Colliers
Alexandria experiencing highest y-o-y improvement in 1H2019
Sharm El-Sheikh, Hurghada to witness growth of 39%, 29% respectively in RevPAR in 2019: Colliers
It also forecasted that Cairo, Sharm El-Sheikh, Hurghada, and Alexandria will achieve occupancy rates of 79%, 64%,69%, and 84% respectively in 2019.
Egypt’s hotel market sees average 34% RevPAR growth in Q1 of 2019
Egyptian markets, such as Cairo, Hurghada, Sharm El-Sheikh, and Alexandria, continue to experience strong growth in performance levels, according to the Colliers’ MENA hotel full-year forecast 2019 report. “In the first quarter (Q1) of 2019, these markets saw an average Revenue Per Available Room (RevPAR) growth of 34% compared to the same period last year. …
Major Egyptian tourism markets’ RevPAR to grow by 18% in 2019: Colliers
Four cities witnessed RevPAR growth of 39% in first two months of current year
Sharm El Sheikh’s hotel occupancy to grow by 7% in FY 2019: Colliers
Hurghada, Alexandria to see 9% improvement in ADR in FY 2019 over 2018
Sharm El-Sheikh, Hurghada to witness RevPAR growth of 17%, 12% respectively: Colliers
Hotel occupancy in Sharm El-Sheikh and Hurghada continues to grow in light of the positive movement witnessed in the tourism sector during the last period. The two Red Sea resort cities are expected to witness 17% and 12% growth in revenues per available rooms (RevPAR) respectively, Colliers International said in its latest MENA Hotels Forecast …
Hurghada, Sharm El-Sheikh expect to witness 44% and 40% growth in revenues per rooms: Colliers
Cairo expected to witness higher RevPAR levels compared to last year
Sharm El-Sheikh, Hurghada hotels to thrive, benefiting from positive security awareness, return of chartered flights: Colliers
Sharm El-Sheikh, Hurghada hotels’ forecasted growth of 29%, 36% respectively in y-o-y RevPAR
Hurghada, Muscat selected as touristic hotspots with 13%, 8% forecasted growth respectively: Colliers
Hotels in Egypt’s Hurghada and Oman’s Muscat were named touristic hotspots by Colliers International, with a forecasted growth of 13% and 8%, respectively, in revenue per available room (RevPAR), according to Colliers’ MENA Hotel Forecast June 2018 report. The witnessed growth in Hurghada hotels’ RevPAR was boosted by the continuation of a positive perception and …
Riyadh, Kuwait hotels secure touristic hotspot status; 20%, 8% forecasted growth respectively: Colliers
Hotels in Riyadh and Kuwait are expected to grow and transform their status to become touristic hotspots with forecasted growths of 20% and 8% respectively in revenue per available room (RevPAR), according to Colliers International’s The MENA Hotel Forecast March 2018 report. The forecasted growth in Riyadh’s case is a result of strong corporate and …
Colliers International expects hotel occupancy to rise across Egypt
Company foresees Cairo occupancy to increase to 69%, Hurghada 61%, Sharm El Sheikh 51%, Alexandria 71%
Sharm El-Sheikh, Hurghada to witness 48%, 27% growth respectively in RevPAR: Colliers
Sharm El-Sheikh and Hurghada hotels continued to grow from their low base in the first quarter (Q1) of 2017. The two cities started to regain their position as touristic hotspots, as Sharm El-Sheikh and Hurghada are expected to witness growth of 48% and 27% respectively in revenues per available rooms (RevPAR), Colliers International said in …
Cairo hotels maintain occupancy growth in Q2 2017: Colliers
Travel ban lift is expected to lead to increased occupancy rates in Sharm El-Shiekh and Hurghada